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Well, a loan ends after you pay back the principal, this only seems to end after a certain period of time, even if you end up in a great job and having to pay b
by larrik 8y ago
Well, a loan ends after you pay back the principal, this only seems to end after a certain period of time, even if you end up in a great job and having to pay back 3x or 4x the loan.
Whether this is still worth it depends heavily on whether this shows up on your credit reports...
- dahart 8y agoGreat point, the terms might not be great at all. I should have said relaxed schedule. Agreed, income sharing might not be worth it. Just another reason we should investigate other ways to pay for education than personal financing, right?
- larrik 8y agoIt seems the ones in the article end after you pay off 2.5x the original loan, at least.